A hedge fund managed by Hong Kong-based Jupiter Research Capital lost more than 40% of its value in July, highlighting the severe impact that the global sell-off in AI-related stocks has had on quantitative investment strategies, according to a sport by Bloomberg.
The report cites investor communications as showing that the Jupiter Tactical Trading Fund saw losses deepen rapidly during the month, falling from less than 7.5% in the opening days of July to around 43% by July 24. The fund managed a...
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